Al Rajhi Company for Cooperative Insurance (TADAWUL:8230)

TADAWUL:8230 Income Statement

Financials in millions SAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	4,816	4,529	3,409	2,470	2,261	2,333
Total Interest & Dividend Income	344.58	-64.68	85.37	122.32	13.51	7.7
Gain (Loss) on Sale of Investments	-80.27	352.71	114.01	-12.48	17.58	14.05
Other Revenue	-	-	-	-	94.38	83.18
Total Revenue	5,081	4,817	3,609	2,580	2,387	2,438
Revenue Growth (YoY)	22.89%	33.48%	39.88%	8.11%	-2.11%	-11.20%
Policy Benefits	4,537	4,307	3,091	2,411	1,773	1,647
Policy Acquisition & Underwriting Costs	-	-	-	-	203.25	173.61
Selling, General & Administrative	-	-	-	-	289.91	298.02
Provision for Bad Debts	-	-	-	-	-5.75	44.14
Other Operating Expenses	134.36	125.69	104.37	98.74	10.7	23.59
Total Operating Expenses	4,671	4,433	3,195	2,510	2,271	2,186
Operating Income	409.85	384.34	413.76	69.92	115.38	251.85
Interest Expense	-68.13	-68.13	-76.35	-	-	-
Other Non Operating Income (Expenses)	13.1	13.1	0.09	12.73	-	-
Pretax Income	354.83	329.31	337.5	82.64	115.38	251.85
Income Tax Expense	21.25	-3.03	9.44	10.25	16.91	24.8
Net Income	333.58	332.34	328.06	72.39	98.47	227.05
Net Income to Common	333.58	332.34	328.06	72.39	98.47	227.05
Net Income Growth	-14.92%	1.31%	353.18%	-26.48%	-56.63%	163.44%
Shares Outstanding (Basic)	100	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100	100
EPS (Basic)	3.34	3.32	3.28	0.72	0.98	2.27
EPS (Diluted)	3.34	3.32	3.28	0.72	0.98	2.27
EPS Growth	-14.92%	1.31%	353.18%	-26.48%	-56.63%	163.44%
Free Cash Flow	-259.33	-464.25	1,001	441.79	144.95	347.21
Free Cash Flow Per Share	-2.59	-4.64	10.01	4.42	1.45	3.47
Operating Margin	8.07%	7.98%	11.46%	2.71%	4.83%	10.33%
Profit Margin	6.57%	6.90%	9.09%	2.81%	4.13%	9.31%
Free Cash Flow Margin	-5.10%	-9.64%	27.73%	17.12%	6.07%	14.24%
EBITDA	421.05	398.71	444.83	93.82	129.34	260.96
EBITDA Margin	8.29%	8.28%	12.33%	3.64%	5.42%	10.70%
D&A For EBITDA	11.2	14.37	31.07	23.91	13.96	9.11
EBIT	409.85	384.34	413.76	69.92	115.38	251.85
EBIT Margin	8.07%	7.98%	11.46%	2.71%	4.83%	10.33%
Effective Tax Rate	5.99%	-	2.80%	12.40%	14.66%	9.85%
Revenue as Reported	-	-	-	-	-	2,359

Updated Mar 9, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.